2797 Waterloo Rd, Akron, OH 44312
2,529 SF | Retail Building | Akron, OH 44312 | $1,250,968 ($495/SF) | 6% Cap Rate
For Sale
Active
2 pictures
Asking Price $1,250,968
- Property Type
-
Retail
- Square Feet
- 2,529 SF
- Price / Square Foot
- $495
Listing Contacts
Glen Kunofsky
Howie Curd
Joseph Kelly
Property Overview
The NNN Pro Group is pleased to present the exclusive listing for the Pizza Hut located at 2797 East Waterloo Rd, Akron, OH 44312. The site will consist of roughly 2,529 rentable square feet of building space on estimated 1.00-acre parcel of land. The Pizza Hut is subject to a 20-year absolute triple-net (NNN) lease that commenced on 2/22/2022. The initial annual rent will be $75,058 and is scheduled to increase by one-and-three-quarters percent (1.75%) annually starting year seven (7) of the base term and continuing through six (6), five (5)-year renewal periods.
Property Details
- Class
- C
- Year Built
- 1975
- Stories
- 1
- Lot Size (sq. ft)
- 49,658 SF
Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease that Commenced on February 22, 2022
- 1.75% Rental Increases Annually Starting Year Seven (7)
- Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
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